BALTIMORE (Stockpickr) -- 2014 has been a great year to be an investor. With two sessions to go in this calendar year, just buying and holding onto the big S&P 500 index would have paid out just over 13% gains. Considering the context of last year's nearly 30% gain in the S&P, that's one heck of a repeat performance.
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The thing is, it's peanuts compared to what you would have made by focusing on just a single sector this past year. I'm talking about health care.
Health care stocks have been excellent performers in 2014, boosted by bullish demographics, disease scares and regulatory trends, and coupled with a market that's been rewarding companies that offer yield in this environment. The iShares Dow Jones US Healthcare ETF (IYH) is up almost 26% since last January, delivering nearly double the performance found in the rest of the broad market.
The health care sector is still showing some strong vitals as we head into 2015. Today, we're turning to the charts for a closer technical look at five health stocks that look ready for breakout gains.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.
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